REO Services

REO Department

Bring your transaction from contract to closing in a timely and efficient manner with Integrity Title Services, Inc. Our REO department works diligently with brokers, lenders, asset managers and other attorneys to meet deadlines, short lead times and complex title issues.

Our staff is experienced in the foreclosure arena and familiar with our distressed market. We have been operating in this niche market for many years. Whether you need a preliminary REO Title report or full closing coordination, you will benefit by using our services:

Our professionals are experienced in all aspects of title work and our we assure title is clear upon completion of the foreclosure.

If you have questions about the REO purchase process, please contact us today to schedule a consultation.

REO information for investors

REO is an acronym for "Real Estate Owned." REO properties are owned by corporations instead of individuals. Many REO properties are sold "as is with the seller to make no repairs." Usually the seller has a corporate addendum with an"as is" clause that the buyer must sign as part of the contract. Typically, the seller will not make any repairs or pay for any inspections. The seller also does not provide a sellers disclosure statement. Information regarding how the former owner maintained the property other than as evident by the current condition of the property is not normally available.

When investing in REO, it is important to be properly pre-qualified for financing prior to making any offer. Prior to the acceptance of a contract, the sellers require verification of the buyer's ability to finance the purchase. VA, FHA and many of the special financing programs available to homeowners require building inspections to evaluate the condition of the property. Most REO properties do not meet the requirements of these programs, and the institutional sellers will not normally make repairs.

Buyers who make cash offers should be prepared to present to the seller verification of funds available to close. Sellers expect to close on the date agreed upon in the contract. Sellers typically are not willing to extend the closing date, but sometimes they will sign contract addendums to extend the close date. They may require a per diem as a condition for extending the closing date.

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About Us

At Integrity Title Services, Inc., our mission is to be the industry's leading title company by providing superior customer service. Our office will continually strive to set new standards of turn around time and focus our commitment toward our clients and the community in which we do business.

Integrity Title Services, Inc. recognizes the important role each employee plays in assuring client satisfaction. Professionalism, courtesy and efficiency are essential qualities you will find in the staff at Integrity Title Services, Inc.